Connect with us
GBP/USD Technical Analysis – Prices turned lower as expected after putting in a bearish Evening Star candlestick pattern. Sellers are now testing below support at 1.5212,...
USD/JPY Technical Analysis – Prices broke support at 98.56, the 38.2% Fibonacci retracement, exposing the 50% mark at 96.74. A further push beneath that targets the...
US Dollar Technical Analysis– Prices broke above resistance the top of a Flag chart pattern, hinting at bullish continuation ahead. Initial resistance is at 10820, the...
EUR/USD Technical Analysis – Prices took out resistance at 1.3260 marked by the 76.4% Fibonacci retracement. The bulls now aim to challenge a falling trend line...
Pivot: 0.9265. Our preference: LONG positions above 0.9265 with 0.934 0.937 as next targets. Alternative scenario: The downside breakout of 0.9265 will open the way to...
Pivot: 98.40. Our preference: SHORT positions below 98.4 with 97.6 97.2 as next targets. Alternative scenario: The upside penetration of 98.4 will call for a rebound...
THE TAKEAWAY: The US Dollar took out chart resistance to hint at gains ahead even as markets brace for heavy-duty event risk by way of the...
Pivot: 105.35 Our preference: SHORT positions below 105.35 with 102 100.8 in sight. Alternative scenario: The upside breakout of 105.35 will open the way to 106.4...
Pivot: 0.9265 Our preference: Long positions above 0.9265 with targets @ 0.934 0.937 in extension. Alternative scenario: Below 0.9265 look for further downside with 0.924 0.921...
Daily Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0 Interested in automated trading with Mirror Trader? FOREXAnalysis: The pattern is the exact inverse of the...